Pump.fun has transferred another 75 million USDC to Kraken, with a total of 480 million transferred in 12 days.

According to 深潮 TechFlow news on November 27, on-chain analyst 余烬 (@EmberCN) monitored that Pump.fun transferred 75 million USDC to Kraken 8 hours ago. In the 12 days since November 15, Pump.fun has cumulatively transferred 480 million USDC obtained through Token sales to Kraken.

According to monitoring, after 75 million USDC was transferred to Kraken, immediately 69.26 million USDC was transferred from Kraken to Circle (the issuer of USDC).

The Pump.fun team previously stated that the related fund transfer is not a withdrawal operation, but rather for the purpose of decentralized fund management to reinvest in business operations.

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